Exempts battery energy storage system equipment, solar thermal collectors for commercial applications and solar storage tanks that are part of a commercial solar hot water system from the state sales tax.
Providing a property tax exemption for new energy storage systems and excluding new energy storage systems from the commercial and industrial machinery and equipment exemption.
Amends tax law on renewable energy products to exempt certain additional products from sales tax including battery energy storage system equipment, if supplied by a manufacturer of solar photovoltaic equipment.
Taxation, commercial fishing, ad valorem tax exemption for vessels and equipment, sales and use taxes exemption for bait, levy of excise tax at a rate differential of one and one-half percent on purchase and storage of vessels and machinery used for commercial fishing, Secs. 40-9-1, 40-23-1, 40-23-4, 40-23-37, 40-23-60, 40-23-63 am'd.
Deletes the tax credit for wind energy systems and changes the credit for solar "energy" systems to a tax credit for both solar "electric" systems and solar "thermal" systems. (gov sig) (OR SEE FISC NOTE GF RV)